501/87 Franklin StreetMelbourne VIC 3000
Property Details for 501/87 Franklin St, Melbourne
501/87 Franklin St, Melbourne is a 4 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2001. The property has a land size of 1957m2 and floor size of 186m2. While the property is not currently for sale or for rent, it was last sold in February 2015.
Last Listing description (April 2021)
Classical elegance and modern chic comes to mind when you take a step inside this tastefully designed loft style penthouse apartment located in the heart of Melbourne CBD, moments from universities, public transport, Victoria markets and some of Melbourne's most renowned restaurants.
Soaring ceilings, polished timber floorboards and an abundance of natural light, this grand 4 bedroom, 3 bathroom apartment located on the 5th floor is nothing short of impressive. Perfect for entertaining, the living area is remarkably sized and flooded with natural light from the floor to ceiling windows. Expand the space even further by opening the doors onto the enormous terrace, which is notably a rarity in itself. Your guests can lounge in that afternoon sun whilst taking in the exciting views of Melbourne CBD.
The stunning open plan dining and kitchen space are perfectly sized. Incorporating the floor to ceiling windows that open onto a large terrace of about 200sqm approx, the space is perfect for the home chef including ample storage and prep space, marble kitchen bench tops and Smeg appliances. First level also comprises a bathroom/ powder room and laundry with ample cupboard space.
Glide your way up the stairs to the second level where you will find the second bathroom and all 4 bedrooms featuring an abundance of natural light and storage space. Master is remarkably sized with large floor to ceiling windows, ensuite and built in wardrobe.
Other features include two secure car parks, air conditioning, elegant lobby entrance, secure lift access, gym, pool and sauna
Property History for 501/87 Franklin St, Melbourne, VIC 3000
- 23 Mar 2021Listed for Sale Contact Agent
- 25 Feb 2015Sold for $920,000
- 11 Feb 2015Listed for Sale $1,000,000
Recent sales nearby
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:
- The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
- Houses have a median rent of $635 while Units have a median rent of $660.
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